Learn how comprehensive tax allocation reconciles tax and financial reporting, uncovering discrepancies in income, expenses, ...

You’ll find new deductions and new forms when you file taxes this year, thanks to the One Big Beautiful Bill Act.

The mileage tax deduction can lower your tax bill if you qualify. Learn who’s eligible, which method saves more and how to claim it correctly in 2026.

The fact a person can't benefit from depreciation on a property but a corporation can is a 'crazy thing', says Trump.

President Donald Trump, speaking at the World Economic Forum in Davos, Switzlerland, floated the idea of allowing ...

The so-called One Big Beautiful Bill Act (OBBBA), which was enacted on July 4, 2025, as P.L. 119-21, made a number of significant changes to the tax law. Among these was the expansion of rules ...

For rental property owners, depreciation is an important consideration for maximizing tax benefits and maintaining compliance with Internal Revenue Service (IRS) regulations. This tax deduction allows ...

The One Big Beautiful Bill Act (the “Act”) includes significant amendments to bonus depreciation under Section 168(k). The Act permanently reinstated “bonus” depreciation at 100% of the cost of ...

(Investorideas.com Newswire) Depreciation is one of the most misunderstood parts of financial reporting. Many business owners treat it as an accounting formality—something that reduces taxes and ...

Much attention has been focused in the news on the useful life of graphics processing units, the dominant chips for artificial intelligence. Though the pervasive narrative suggests GPUs have a short ...

Below is our annual guide to Tax Code Section 179 for self-employed and business owners who buy a vehicle. This guide encompasses qualifying vehicles purchased in the 2025 calendar year for the ...